The Six Most Significant Challenges in Forex Trading

You have to overcome many barriers to reach your target. If you observe the percentage of failing and winning, you will found that majority of the traders fail to stay in this market and lose huge money. However, that doesn’t mean that it is impossible to be a winner in trading. If you try utmost and do not fall into the trap of greed and fear, you will get good outcomes.

In Forex, newcomers face various types of challenges. As a newbie, if you want to trade properly, you have to face these challenges. Let’ know about these.

Taking prior preparation

Traders need to develop the cognition level for being successful in Forex. If you think that you will earn money easily from this place, then you are making mistakes. One thing, traders need to remember that if they gain only theoretical knowledge, they will not achieve the goal. Practical knowledge is also important for them. Because proper experience will help you to deal with the complications. Otherwise, you will face major problems. This is seen that many investors fail to handle the situation with adequate theoretical knowledge. So, they need to gain practical knowledge to adapt to the different conditions of the market.

Too much information

Many investors collect huge information and fail to deal with the situation. For this reason, they become confused. According to the experts, you need to gather the information which is important for you. So, try to collect the appropriate information from the right source. As the market is a big place, newcomers face problems understanding what is necessary and what is unnecessary to them. Always remember, Forex trading should done in a simple way. So, try not to make things complex by overloading yourself with unnecessary information.

Constantly monitoring

To make the right decision, traders need to monitor the market properly. But, constantly observing the market puts huge stress. However, it is important to know about the economic conditions of the different countries before choosing the currency pair. For this, you need to monitor the single movement of the market. If you do not monitor the market, you might miss better opportunities. But, this creates pressure on the newcomers and they fail to work with huge pressure. For becoming victorious, the retail trader has to learn to work under pressure. If once they can adjust to this, they will get the way of making money.

Uncertain future

Newbies become tensed because of the unpredictable nature of Forex industry. Because of this, they do not make the right choice and always act confusingly. This feeling also reduce the confidence level of the traders and stops them to make a glorious career.

Psychological effect

Newbies face a series of problems that make them emotionally weak. As a newcomer, you will not be habituated easily with the market. You need time for adjusting to the situation. In the beginning period, a small loss can affect you badly. As a consequence, you will start making several mistakes. Emotional stability is very important for the investor to be on the right track.

Fear of losing money

Fear is a very common emotional component in trading. Because of this, sometimes, the trader closes the position early. To become profitable, the trader needs to find out the right entry and exit signal which will help them to earn money. But, many newcomers can’t understand the behavior of the market and think if they do not close the position early, they will lose money. That’s why they miss many opportunities.

These mentioned challenges are faced by every newcomer. But, if they take the proper measures, they might solve these. So, practice through the simulated account to find out the better solutions for the problems.

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Ethereum Reaches New All-time High as Berlin Hard Fork Goes Live

The latest update to the Ethereum network was released on April 15th around 10:07 UTC, implementing new proposals that boosted its cryptocurrency’s value to an all-time high of $2,544.30.

The Berlin hard fork was scheduled to start once the network processed block #12,244,000, implementing 4 Ethereum Improvement Proposals (EIPs) designed to improve the efficacy of the network and reduce gas costs at a time when saturation is becoming an increasing issue.

The 4 EIPs introduced with the latest hard fork are EIP-2565: ModExp Gas Cost, EIP-2929: Gas cost increases for state access opcodes, EIP-2718: Typed Transaction Envelope, and EIP-2930: Optional access lists.

These proposals aim to lower gas costs to bring them in line with the cost of executing other operations, introduce a new transaction type that operates as an envelope for multiple transaction types, gas cost increases for certain states to mitigate DoS attack vectors, and fix breaking changes to existing contracts, respectively.

Named after the city where Devcon 0 took place, the Berlin upgrade has been one of the most anticipated hard forks in recent months, especially due to the chance that EIP-1559 had of being released with the fork.

EIP-1559 was highly controversial among the Ethereum community as it proposed the burning of fees set by the network to reduce ETH supply.

ETH Reaches New All-time High

As the uptrend in the cryptocurrency market continues, Ether has seen increasing popularity and value over the past months by breaking all-time high after all-time high, with the latest taking place on April 16th as the coin reached a value of $2,544.30.

Some of the factors behind the uptrend have been the increasing popularity of Bitcoin and the cryptocurrency market in general among institutional investors and personalities which has resulted in increased coverage by mainstream media, as well as important milestones like Coinbase’s listing in Nasdaq.

According to experts, it seems that most investors have recently been pulling their BTC and ETH holdings out of crypto exchanges, suggesting their intention to continue holding them over the long-term and decreasing the available supply for the two cryptocurrencies, increasing their value in the process.

Despite the continued congestion and increasing gas prices experienced by the network over the last months, its coin has continued to increase its value over the last year in a steady manner after some minor corrections.

The Fight For The Top

While Ethereum is the second cryptocurrency by market capitalization, it is the most used network in terms of the creation of dApps and other blockchain-based platforms, being the epicenter of both the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) booms that started in 2020.

With millions of users and thousands of applications using around the world, Ethereum has been seen as the leader of the industry for a long time, being used as the referent for newer projects like Tron, Cardano, Polkadot, and Elrond to beat.

One of the largest difficulties experienced by the Ethereum network over the last year has been the increase of gas prices from under $5 to more than $35 during 2020 and 2021, which has affected platforms and users who depend on a high volume of low-value transactions, such as blockchain gaming.

The Ethereum team is currently working on the release of Ethereum 2.0, a much-needed upgrade that would address the increasing gas prices and performance issues by changing to a proof-of-stake consensus algorithm that would allow the network to escalate better and operate more efficiently.

However, Ethereum is not the only one working hard to offer developers and users a better experience, as projects like Polkadot and Cardano have been progressing through their development phase in what could become a major competition for the blockchain network throne.

Both Cardano and Polkadot have recently made it into the top 10 by market capitalization despite not having been “completed” as supporters and investors continue to look for alternatives for an overly saturated network.

The post Ethereum Reaches New All-time High as Berlin Hard Fork Goes Live appeared first on Blockonomi.

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How To Instantly Convert Bitcoin (BTC) To NEO(NEO)? [Safely]

It looks like you have got to know about the secret of changing Bitcoin into NEO for disappearing in cyberspace with your money.

For those of you who don’t know what I am talking about, here is the thing.

I understand, your reason for exchanging or converting BTC to NEO might be something else. But whatever it is, you need to do this exchange with extreme caution because crypto transactions are irreversible, and with NEO’s functionality, you can do so much more with it.

So to help you out precisely with that we have come up with this step by step guide on converting your BTC into NEO in the least possible time with safety.

We have chosen, Cryptmixer cryptocurrency swap service for this tutorial because it is one of the most user-friendly services to exchange one currency to another.

Let’s jump right into the step by step process:

How & Where To Exchange Bitcoin (BTC) To NEO(NEO)?

Step #1. Go to Cryptmixer.com [No KYC & No Sign-up]

You should see this screen where you can select NEO and BTC pairs as shown in the below image. Do mention the correct amount of BTC you want to exchange for NEO. Doing this will automatically show you the amount of NEO you will be receiving after the conversion is complete.

Step #2. Here click on the ‘Exchange’ option shown in the above image to see the below-shown screen. You can even change the amount of BTC you wish to exchange here too. The exchange fee is set to 0.05% of the transaction.

Here they will ask you for your NEO address. If you don’t have NEO, we suggest you choose a wallet from some of these best NEO wallets and get a NEO address for yourself. This is the NEO address on which you will get your NEO coins in exchange for Bitcoin.

Step #3. After adding the NEO address, click on the ‘Next’ button shown in the above image. Once you do that you will be shown details of your conversion such as NEO address, fees, time for conversion, etc. Verify the details intently on this page before moving forward for the actual exchange.

Step #4. Once you have checked all the details, click on ‘Start’ shown in the above screen.

You should now see a screen asking you to send the BTC first on a given address. Don’t worry; this is how it is supposed to work when you use Cryptmixer. You need to provide the relevant currency first after which you receive the other currency. Take out your Bitcoin wallet and put the shown address to send your bitcoins on it.

Note: You have 24 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of BTC/NEO pair changes.

Step #5. As soon as you send your bitcoins to the shown address, you will start seeing this screen ‘transaction is being confirmed.’ It means your transaction is processing and will be confirmed by the Bitcoin blockchain soon. Usually, it takes 3 confirmations for depositing Bitcoin which can take up to an hour in case of congestion on the blockchain.

The swapping process itself happens almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:

  • Getting confirmations
  • Exchanging BTC to NEO
  • Sending NEO to your wallet

Step #6. Wait with patience, and as soon as your conversion from BTC to NEO is completed, you will see this screen showing you all the details of the transaction.

You can check your transaction details on the respective blockchain also.

Congratulations, Tada….!!! You have done it

Is It like Sending Bitcoin To NEO?

Some people mistake this for sending Bitcoin to NEO network and think that its NEO’s blockchain that is doing the conversion for them.

But that’s far from reality.

In this conversion powered by Cryptmixer, it acts like a mediator who facilitates the conversion of BTC to NEO. Moreover, Cryptmixer is worth relying on such exchanges because it has made a name for itself doing the same for last 5 years in this industry

So what are you thinking?

  • Check Out Cryptmixer for free now

Note: We have used the example of BTC and NEO in this tutorial, but the process of converting any other currency to another one is the same, so feel free to try out Cryptmixer for that too !!

If you liked this guide, please share it with your friends & family member who wishes to exchange Bitcoin to NEO or vice versa !!

How To Instantly Convert Bitcoin (BTC) To NEO(NEO)? [Safely] was originally published in The Bullish on Medium, where people are continuing the conversation by highlighting and responding to this story.

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How To Instantly Convert Bitcoin (BTC) To QTUM(QTUM)? [Safely]

It looks like you have got to know about the secret of changing Bitcoin into QTUM for disappearing in cyberspace with your money.

For those of you who don’t know what I am talking about, here is the thing.

I understand, your reason for exchanging or converting BTC to QTUM might be something else. But whatever it is, you need to do this exchange with extreme caution because crypto transactions are irreversible, and with QTUM’s functionality, you can do so much more with it.

So to help you out precisely with that we have come up with this step by step guide on converting your BTC into QTUM in the least possible time with safety.

We have chosen, Cryptmixer cryptocurrency swap service for this tutorial because it is one of the most user-friendly services to exchange one currency to another.

Let’s jump right into the step by step process:

How & Where To Exchange Bitcoin (BTC) To QTUM(QTUM)?

Step #1. Go to Cryptmixer.com [No KYC & No Sign-up]

You should see this screen where you can select QTUM and BTC pairs as shown in the below image. Do mention the correct amount of BTC you want to exchange for QTUM. Doing this will automatically show you the amount of QTUM you will be receiving after the conversion is complete.

Step #2. Here click on the ‘Exchange’ option shown in the above image to see the below-shown screen. You can even change the amount of BTC you wish to exchange here too. The exchange fee is set to 0.05% of the transaction.

Here they will ask you for your QTUM address. If you don’t have QTUM, we suggest you choose a wallet from some of these best QTUM wallets and get a QTUM address for yourself. This is the QTUM address on which you will get your QTUM coins in exchange for Bitcoin.

Step #3. After adding the QTUM address, click on the ‘Next’ button shown in the above image. Once you do that you will be shown details of your conversion such as QTUM address, fees, time for conversion, etc. Verify the details intently on this page before moving forward for the actual exchange.

Step #4. Once you have checked all the details, click on ‘Start’ shown in the above screen.

You should now see a screen asking you to send the BTC first on a given address. Don’t worry; this is how it is supposed to work when you use Cryptmixer. You need to provide the relevant currency first after which you receive the other currency. Take out your Bitcoin wallet and put the shown address to send your bitcoins on it.

Note: You have 24 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of BTC/QTUM pair changes.

Step #5. As soon as you send your bitcoins to the shown address, you will start seeing this screen ‘transaction is being confirmed. It means your transaction is processing and will be confirmed by the Bitcoin blockchain soon. Usually, it takes 3 confirmations for depositing Bitcoin which can take up to an hour in case of congestion on the blockchain.

The swapping process itself happens almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:

  • Getting confirmations
  • Exchanging BTC to QTUM
  • Sending QTUM to your wallet

Step #6. Wait with patience, and as soon as your conversion from BTC to QTUM is completed, you will see this screen showing you all the details of the transaction.

You can check your transaction details on the respective blockchain also.

Congratulations, Tada….!!! You have done it

Is It like Sending Bitcoin To QTUM?

Some people mistake this for sending Bitcoin to QTUM network and think that its QTUM’s blockchain that is doing the conversion for them.

But that’s far from reality.

In this conversion powered by Cryptmixer, it acts like a mediator who facilitates the conversion of BTC to QTUM. Moreover, Cryptmixer is worth relying on such exchanges because it has made a name for itself doing the same for last 5 years in this industry

So what are you thinking?

  • Check Out Cryptmixer for free now

Note: We have used the example of BTC and QTUM in this tutorial, but the process of converting any other currency to another one is the same, so feel free to try out Cryptmixer for that too !!

If you liked this guide, please share it with your friends & family member who wishes to exchange Bitcoin to QTUM or vice versa !!

How To Instantly Convert Bitcoin (BTC) To QTUM(QTUM)? [Safely] was originally published in The Bullish on Medium, where people are continuing the conversation by highlighting and responding to this story.

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How To Instantly Convert Bitcoin (BTC) To Polymath(POLY)? [Safely]

It looks like you have got to know about the secret of changing Bitcoin into POLY for disappearing in cyberspace with your money.

For those of you who don’t know what I am talking about, here is the thing.

I understand, your reason for exchanging or converting BTC to POLY might be something else. But whatever it is, you need to do this exchange with extreme caution because crypto transactions are irreversible, and with Polymath’s functionality, you can do so much more with it.

So to help you out precisely with that we have come up with this step by step guide on converting your BTC into POLY in the least possible time with safety.

We have chosen, Cryptmixer cryptocurrency swap service for this tutorial because it is one of the most user-friendly services to exchange one currency to another.

Let’s jump right into the step by step process:

How & Where To Exchange Bitcoin (BTC) To Polymath(POLY)?

Step #1. Go to Cryptmixer.com [No KYC & No Sign-up]

You should see this screen where you can select POLY and BTC pairs as shown in the below image. Do mention the correct amount of BTC you want to exchange for POLY. Doing this will automatically show you the amount of POLY you will be receiving after the conversion is complete.

Step #2. Here click on the ‘Exchange’ option shown in the above image to see the below-shown screen. You can even change the amount of BTC you wish to exchange here too. The exchange fee is set to 0.05% of the transaction.

Here they will ask you for your POLY address. If you don’t have POLY, we suggest you choose a wallet from some of these best Polymath wallets and get a Polymath address for yourself. This is the POLY address on which you will get your Polymath coins in exchange for Bitcoin.

Step #3. After adding the Polymath address, click on the ‘Next’ button shown in the above image. Once you do that you will be shown details of your conversion such as POLY address, fees, time for conversion, etc. Verify the details intently on this page before moving forward for the actual exchange.

Step #4. Once you have checked all the details, click on ‘Start’ shown in the above screen.

You should now see a screen asking you to send the BTC first on a given address. Don’t worry; this is how it is supposed to work when you use Cryptmixer. You need to provide the relevant currency first after which you receive the other currency. Take out your Bitcoin wallet and put the shown address to send your bitcoins on it.

Note: You have 24 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of BTC/POLY pair changes.

Step #5. As soon as you send your bitcoins to the shown address, you will start seeing this screen ‘transaction is being confirmed. It means your transaction is processing and will be confirmed by the Bitcoin blockchain soon. Usually, it takes 3 confirmations for depositing Bitcoin which can take up to an hour in case of congestion on the blockchain.

The swapping process itself happens almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:

  • Getting confirmations
  • Exchanging BTC to POLY
  • Sending Polymath to your wallet

Step #6. Wait with patience, and as soon as your conversion from BTC to POLY is completed, you will see this screen showing you all the details of the transaction.

You can check your transaction details on the respective blockchain also.

Congratulations, Tada….!!! You have done it

Is It like Sending Bitcoin To Polymath?

Some people mistake this for sending Bitcoin to Polymath network and think that its Polymath’s blockchain that is doing the conversion for them.

But that’s far from reality.

In this conversion powered by Cryptmixer, it acts like a mediator who facilitates the conversion of BTC to POLY. Moreover, Cryptmixer is worth relying on such exchanges because it has made a name for itself doing the same for last 5 years in this industry

So what are you thinking?

  • Check Out Cryptmixer for free now

Note: We have used the example of BTC and POLY in this tutorial, but the process of converting any other currency to another one is the same, so feel free to try out Cryptmixer for that too !!

If you liked this guide, please share it with your friends & family member who wishes to exchange Bitcoin to Polymath or vice versa !!

How To Instantly Convert Bitcoin (BTC) To Polymath(POLY)? [Safely] was originally published in The Bullish on Medium, where people are continuing the conversation by highlighting and responding to this story.

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How To Instantly Convert Bitcoin (BTC) To Polkadot(DOT)? [Safely]

It looks like you have got to know about the secret of changing Bitcoin into DOT for disappearing in cyberspace with your money.

For those of you who don’t know what I am talking about, here is the thing.

I understand, your reason for exchanging or converting BTC to DOT might be something else. But whatever it is, you need to do this exchange with extreme caution because crypto transactions are irreversible, and with Polkadot’s functionality, you can do so much more with it.

So to help you out precisely with that we have come up with this step by step guide on converting your BTC into DOT in the least possible time with safety.

We have chosen, Cryptmixer cryptocurrency swap service for this tutorial because it is one of the most user-friendly services to exchange one currency to another.

Let’s jump right into the step by step process:

How & Where To Exchange Bitcoin (BTC) To Polkadot(DOT)?

Step #1. Go to Cryptmixer.com [No KYC & No Sign-up]

You should see this screen where you can select DOT and BTC pairs as shown in the below image. Do mention the correct amount of BTC you want to exchange for DOT. Doing this will automatically show you the amount of DOT you will be receiving after the conversion is complete.

Step #2. Here click on the ‘Exchange’ option shown in the above image to see the below-shown screen. You can even change the amount of BTC you wish to exchange here too. The exchange fee is set to 0.05% of the transaction.

Here they will ask you for your DOT address. If you don’t have DOT, we suggest you choose a wallet from some of these best Polkadot wallets and get a Polkadot address for yourself. This is the DOT address on which you will get your Polkadot coins in exchange for Bitcoin.

Step #3. After adding the Polkadot address, click on the ‘Next’ button shown in the above image. Once you do that you will be shown details of your conversion such as DOT address, fees, time for conversion, etc. Verify the details intently on this page before moving forward for the actual exchange.

Step #4. Once you have checked all the details, click on ‘Start’ shown in the above screen.

You should now see a screen asking you to send the BTC first on a given address. Don’t worry; this is how it is supposed to work when you use Cryptmixer. You need to provide the relevant currency first after which you receive the other currency. Take out your Bitcoin wallet and put the shown address to send your bitcoins on it.

Note: You have 24 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of BTC/DOT pair changes.

Step #5. As soon as you send your bitcoins to the shown address, you will start seeing this screen ‘transaction is being confirmed.’ It means your transaction is processing and will be confirmed by the Bitcoin blockchain soon. Usually, it takes 3 confirmations for depositing Bitcoin which can take up to an hour in case of congestion on the blockchain.

The swapping process itself happens almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:

  • Getting confirmations
  • Exchanging BTC to DOT
  • Sending Polkadot to your wallet

Step #6. Wait with patience, and as soon as your conversion from BTC to DOT is completed, you will see this screen showing you all the details of the transaction.

You can check your transaction details on the respective blockchain also.

Congratulations, Tada….!!! You have done it

Is It like Sending Bitcoin To Polkadot?

Some people mistake this for sending Bitcoin to Polkadot network and think that its Polkadot’s blockchain that is doing the conversion for them.

But that’s far from reality.

In this conversion powered by Cryptmixer, it acts like a mediator who facilitates the conversion of BTC to DOT. Moreover, Cryptmixer is worth relying on such exchanges because it has made a name for itself doing the same for last 5 years in this industry

So what are you thinking?

  • Check Out Cryptmixer for free now

Note: We have used the example of BTC and DOT in this tutorial, but the process of converting any other currency to another one is the same, so feel free to try out Cryptmixer for that too !!

If you liked this guide, please share it with your friends & family member who wishes to exchange Bitcoin to Polkadot or vice versa !!

How To Instantly Convert Bitcoin (BTC) To Polkadot(DOT)? [Safely] was originally published in The Bullish on Medium, where people are continuing the conversation by highlighting and responding to this story.

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How To Instantly Convert Binance Coin(BNB) To Elongate(ELONGATE)? [Safely]

It looks like you have got to know about the secret of changing Binance Coin into ELONGATE for disappearing in cyberspace with your money.

For those of you who don’t know what I am talking about, here is the thing.

I understand, your reason for exchanging or converting BNB to ELONGATE might be something else. But whatever it is, you need to do this exchange with extreme caution because crypto transactions are irreversible, and with Elongate’s functionality, you can do so much more with it.

So to help you out precisely with that we have come up with this step by step guide on converting your BNB into ELONGATE in the least possible time with safety.

We have chosen, Cryptmixer cryptocurrency swap service for this tutorial because it is one of the most user-friendly services to exchange one currency to another.

Let’s jump right into the step by step process:

How & Where To Exchange Binance Coin (BNB) To Elongate(ELONGATE)?

Step #1. Go to Cryptmixer.com [No KYC & No Sign-up]

You should see this screen where you can select ELONGATE and BNB pairs as shown in the below image. Do mention the correct amount of BNB you want to exchange for ELONGATE. Doing this will automatically show you the amount of ELONGATE you will be receiving after the conversion is complete.

Step #2. Here click on the ‘Exchange’ option shown in the above image to see the below-shown screen. You can even change the amount of BNB you wish to exchange here too. The exchange fee is set to 0.05% of the transaction.

Here they will ask you for your ELONGATE address. If you don’t have ELONGATE, we suggest you choose a wallet from some of these best Elongate wallets and get a Elongate address for yourself. This is the ELONGATE address on which you will get your Elongate coins in exchange for Binance Coin.

Step #3. After adding the Elongate address, click on the ‘Next’ button shown in the above image. Once you do that you will be shown details of your conversion such as ELONGATE address, fees, time for conversion, etc. Verify the details intently on this page before moving forward for the actual exchange.

Step #4. Once you have checked all the details, click on ‘Start’ shown in the above screen.

You should now see a screen asking you to send the BNB first on a given address. Don’t worry; this is how it is supposed to work when you use Cryptmixer. You need to provide the relevant currency first after which you receive the other currency. Take out your Binance Coin wallet and put the shown address to send your Binance Coin on it.

Note: You have 24 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of BNB/ELONGATE pair changes.

Step #5. As soon as you send your Binance Coin to the shown address, you will start seeing this screen ‘transaction is being confirmed.’ It means your transaction is processing and will be confirmed by the Binance Coin blockchain soon. Usually, it takes 3 confirmations for depositing Binance Coin which can take up to an hour in case of congestion on the blockchain.

The swapping process itself happens almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:

  • Getting confirmations
  • Exchanging BNB to ELONGATE
  • Sending Elongate to your wallet

Step #6. Wait with patience, and as soon as your conversion from BNB to ELONGATE is completed, you will see this screen showing you all the details of the transaction.

You can check your transaction details on the respective blockchain also.

Congratulations, Tada….!!! You have done it

Is It like Sending Binance Coin To Elongate?

Some people mistake this for sending Binance Coin to Elongate network and think that its Elongate’s blockchain that is doing the conversion for them.

But that’s far from reality.

In this conversion powered by Cryptmixer, it acts like a mediator who facilitates the conversion of BNB to ELONGATE. Moreover, Cryptmixer is worth relying on such exchanges because it has made a name for itself doing the same for last 5 years in this industry

So what are you thinking?

  • Check Out Cryptmixer for free now

Note: We have used the example of BNB and ELONGATE in this tutorial, but the process of converting any other currency to another one is the same, so feel free to try out Cryptmixer for that too !!

If you liked this guide, please share it with your friends & family member who wishes to exchange Binance Coin to Elongate or vice versa !!

How To Instantly Convert Binance Coin(BNB) To Elongate(ELONGATE)? [Safely] was originally published in The Bullish on Medium, where people are continuing the conversation by highlighting and responding to this story.

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LINK Soars to All-time Highs on Launch of the Chainlink 2.0 Whitepaper

  • The team at Chainlink has launched the whitepaper to version 2.0 of the project
  • The new whitepaper proposes hybrid smart contracts on Chainlink
  • The digital asset of LINK has set a new all-time high of $44.1447 – Binance rate
  • Chainlink 2.0 might signal a new phase of growth for LINK in the crypto markets

The team at Chainlink (LINK) has released a new whitepaper for the second iteration of its platform that will introduce hybrid smart contracts. Dubbed Chainlink 2.0, the new whitepaper proposes improvements to the network in seven key areas.

  • Hybrid smart contracts – that will combine blockchain smart contract application capabilities with off-chain computing resources
  • Abstracting away complexity – by providing developers and users with simple functionality
  • Scaling – to allow the network to provide high-performance systems
  • Confidentiality – providing innate transparency alongside confidential protections for sensitive data
  • Order-fairness for transactions – sequencing of transactions that are fair to all users
  • Trust minimization – creating a more trustworthy layer of support for smart contracts and other oracle-dependent systems
  • Incentive-based security – designing mechanisms to ensure nodes have strong economic incentives

Chainlink 2.0 is a Long-Term, Multi-Year Project

The team at Chainlink went on to explain that the proposed changes will be implemented incrementally over time as explained below.

This whitepaper is a long-term, multi-year view of how Chainlink will evolve.

This ambitious vision for the Chainlink Network will be implemented incrementally with new decentralized services being released in parallel, so we can formally analyze the security impact of this vast array of new oracle functionalities.

We’re confident that Chainlink will enable smart contracts to take the next major leap in their evolution, powered by a hybrid on-chain/off-chain architecture.

LINK Soars to New Heights on News of the Chainlink 2.0 Whitepaper

The price of LINK in the crypto markets experienced a knee-jerk reaction to the launch of the whitepaper to Chainlink 2.0, hitting a new all-time high of $44.1447 – Binance rate.

At the time of writing, LINK has experienced a brief pullback and is trading at $43.50. However, the implementation of Chainlink 2.0 will be a multi-year project hinting that this is the beginning of more gains for LINK in the crypto markets.

Additionally, the bullish momentum injected by Chainlink 2.0 increases the chances of LINK hitting $67 by the end of May

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Bitcoin Could Be in the Greed Stage Based on High Leverage Being Used

  • Bitcoin’s market could have entered the ‘greed stage’ based on the high leverage being used by BTC traders
  • The amount of leverage has increased since February
  • The weekly Bitcoin chart is hinting of exhaustion and a top might not be too far away

The Bitcoin market might have entered the ‘greed stage’. This is according to an analysis done by the CEO of CryptoQuant, Ki Young Ju, who pointed out that BTC traders are continually using high leverage.

Furthermore, the amount of leverage being used by Bitcoin traders has increased since February this year. Mr. Young Ju shared his analysis through the following statement and accompanying chart.

BTC market is in the greedy stage.

How much leverage people bet in derivative trading can indicate investors’ fear and greed. It has increased since February.

I’m not saying bearish, but I usually recommend buying when it’s in the fear phase.

A Bitcoin Top Could be Near Based on the Weekly Chart

Expanding on the observation of the CEO of CryptoQuant, on a macro level, the weekly Bitcoin chart hints at an overbought scenario for the King of Crypto. The chart, which can be found below, is clearly in parabolic territory dwarfing the 2017 bull season by a factor of 3.

Also from the chart, it can be observed that the weekly MACD is overextended and hinting at an overbought scenario with a pullback in the weeks to follow. Furthermore, the weekly volume is also decreasing indicating a reduction in buying. The weekly MFI and RSI are also overbought at values above 80.

To note is that the weekly MFI and RSI crossed overbought territory numerous times leading up to the 2017 peak. Therefore, if the 2020 – 2021 bull season follows a similar path, then the top might just be a brief pause followed by a continuation to higher levels.

However, if the current Bitcoin market is similar to that of 2019 where the weekly MFI and RSI were in overbought territory only once, then a peak is in sight for BTC.

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USDT on TRON Exceeds USDT on Ethereum 729 Days After Launch

  • USDT issued on Tron (TRX) has eclipsed that issued on Ethereum
  • The milestone was achieved 729 days after TRC20-USDT was launched
  • Justin Sun marked the milestone through Twitter by thanking the Tron community
  • TRX has had an impressive run in the markets but a pullback could be on the horizon

The amount of Tether (USDT) issued on the Tron blockchain has just exceeded that issued on Ethereum. Tron’s founder and CEO, Justin Sun, shared the milestone through the following tweet while also noting it took 729 days to achieve it.

Moments before the milestone was reached, Justin Sun thanked the Tron (TRX) community for their continued support through the following statement.

Time to witness the historical moment. In less than 2 years, USDT on TRON outperforms Ethereum in both circulation and market cap. Thank you all for the support and trust from TRONICS. TRON, to the future.

Tron (TRX) Is in Overbought Territory, Pullback Likely

At the time of writing, the amount of Tether on Tron currently stands at $23.994 Billion whereas that on Ethereum is at $23.416 Billion. TRC20-USDT has eclipsed ERC20-USDT by roughly $578 million and is a sign of Tron’s impressive journey since the launch of its Testnet three years ago.

At the same time, the price of Tron is in a bullish uptrend as seen through the 3-day TRX/USDT chart below.

Also from the chart, it can be observed that Tron is in overbought territory on a macro level and could be due for a correction in the days to follow as shall be explained.

To begin with, the price of TRX/USDT mimics a parabolic move with the 3-day MACD confirming this. The 3-day MFI and RSI are also in overbought territory at values of 84 and 83 respectively. Secondly, the price of Tron (TRX) has deviated far from the 3 moving averages thus hinting that a correction is in the pipeline or has already begun.

With respect to short-term support zones, Tron (TRX) has the following price areas of interest.

  •  $0.142
  • $0.135
  • $0.127
  • $0.118
  • $0.102
  • $0.098

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Coinbase Closes Day 1 of Trading as the World’s Most Valuable Exchange

  • Coinbase (COIN) closed the first day of trading at a value of $328
  • Coinbase closed the first day of trading COIN as the most valuable exchange in the world
  • Coinbase managed to eclipse the CME Group, the Hong Kong Exchanges and Clearing, and ICE
  • The market cap of COIN has also exceeded that of Binance Coin (BNB)

Yesterday, April 14th, marked the first day of trading of the highly anticipated stock of Coinbase (COIN). A quick glance at Tradingview reveals that on its first day of trading, Coinbase (COIN) reached a high of $428.94 and a low of $310. The stock went on to close trading at a value of $328 as seen in the chart below.

Coinbase (COIN ) Closes Day 1 as the Most Valuable Exchange in the World

Despite Coinbase (COIN) closing the day lower than it opened, the digital asset exchange succeeded in setting a new milestone in terms of being the most valuable exchange in the globe.

According to CompaniesMarketcap.com, Coinbase closed its first day of trading at a market capitalization of $87.38 Billion as seen in the screenshot below.

From the rankings above, it can be observed that Coinbase’s market capitalization at yesterday’s close exceeded that of known global exchanges such as the CME Group, Hong Kong Exchange and Clearing, Intercontinental Exchange (ICE), the London Stock Exchange, Deutsche Borse, Nasdaq and the CBOE.

Coinbase (COIN) Exceeds the Market Cap of Binance Coin (BNB)

At a market cap of $87.38 Billion, Coinbase (COIN) also eclipses the market capitalization of Binance Coin (BNB) at $85.565 Billion. This comparison is made with the assumption that BNB may be used to measure the value of the digital asset exchange of Binance.

Binance Postpones Listing COIN Stock Token

Yesterday, the digital asset exchange of Binance was set to list a tokenized version of the Coinbase (COIN) stock.

However, at the last moment, the team at Binance announced that they were postponing listing the token due to market volatility exhibited on the first day of trading COIN. The exchange will announce a new date for the COIN/BUSD pair to open for trading.

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